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A Close Look At The Decline Of Homeownership – Part Five Of Five

Sunday, February 26, 2017 5:35
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(Before It's News)

from Liberty Street Economics

– this post authored by Andrew Haughwout, Richard Peach, and Joseph Tracy

The homeownership rate – the percentage of households that own rather than rent the homes that they live in – has fallen sharply since mid-2005. In fact, in the second quarter of 2016 the homeownership rate fell to 62.9 percent, its lowest level since 1965. In this blog post, we look at underlying demographic trends to gain a deeper understanding of the large increase in the homeownership rate from 1995 to 2005 and the subsequent large decline.

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Source: http://econintersect.com/pages/contributors/contributor.php?post=201702260628

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